The ex-presidential candidate getting into sustainable real estate

Tom Steyer is again putting his money where his mouth is.

The 2020 presidential candidate, climate evangelist and California political bankroller launched a new real estate “investment strategy” this month under the umbrella of his investment firm, Galvanize Climate Solutions.

He’s planning to buy and retrofit multifamily housing, industrial buildings, student housing and self-storage units, and has hired Goldman Sachs real estate veteran Joe Sumberg to oversee the strategy.

This interview has been edited for length and clarity.

You’re in San Francisco, where the downtown is not doing great. Is this a good time to get into commercial real estate?

We’re going to be doing real estate, but that doesn’t mean we’re going to be doing office buildings. That could include multi-family. That can include student housing, that can include industrial.

Obviously, if you live in San Francisco, because I think we’re sort of the eye of the storm, there’s a real question about not whether there’s a need for commercial real estate, but how much of a need is there for commercial real estate in terms of square feet.

And obviously in markets where there is as much demand as there is supply, then a whole bunch of things happen, including when vacancies go up, and that means rents go down and all kinds of valuation issues come into play. It’s not trivial to take a big office building and, okay, if it’s not going to be an office building, what the heck is it going to be?

How are you going to make money at this? What are the risks and what are the returns that you’re expecting?

Real estate is a huge investment area. And within that we believe that this strategy of actually doing sustainable real estate is something which is going to have higher returns that have a huge tailwind to it. We believe that the climate response is a gigantic investable area. We’re dedicated to climate response, but we also believe that it will lead to higher returns because it has to happen and there’s a huge demand for it.

You’re planning to focus on the Pacific Northwest, Colorado, California, Arizona and Texas. What’s driving that: policy, high real-estate values, exposure to climate vulnerabilities?

Econ 101: Location, location, location. You want to be in places that have the characteristics of a positive market to be in. Part of that is just regular old real estate. And part of it is that we want to be in places where we’re going to be able to put this through in a way so that we make sure that it adds to the returns.

When Joe’s talking about it, he’s looking at places where we can make good real estate investments and dramatically reduce carbon footprints and have better returns as a result.

Are you counting on the Inflation Reduction Act for anything?

We have people who are policy

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14 Types of Home-Based Businesses to Consider Starting

Home-based businesses put you in control of hours worked and revenue earned. Both full-time and side hustle businesses can be a good way to earn income from your skills and expertise.

After 15 years of juggling a full-time job and a side hustle, I was burned out. It was time to launch my home-based writing and marketing business. It’s the best decision I’ve ever made!

Running my own business from home eliminated a daily commute. Since I hate driving, that’s a major benefit. The freedom to choose clients, set my own hours, and share my office with the dog are sweet perks, too.

The best part about home-based businesses is the opportunity to align your talents, skills and business goals. Whatever your motivation, there are plenty of home-based business ideas to consider.

Launching a business from home has never been easier, thanks to the internet. About half of all US small businesses are considered home-based, and experts predict that, by 2027, more than half the US workforce will be, or will have been at one time, working independently.

But there’s no need to wait. If you’ve ever wondered how to work for yourself, this list of home-based business ideas can get you started this year.

1. Pet care providers and suppliers

Many pet owners treat their animals like family members. They spend generously on products and services to pamper their four-legged friends. Walking, grooming, and pet-sitting services are the most common home-based pet businesses.

There are also more off-the-leash ideas, such as Mugzy’s Barkery, which makes organic pet treats; SleekEZ, which produces grooming tools; and Akita Handmade, which specializes in dog collars, leashes, and bandanas.

An ad for a pet supply and services business.

Selling pet supplies and services is one option for a home-based business. Image source: Author

2. Virtual assistants

Help business leaders and other professionals by doing administrative tasks for them from your home. Virtual assistants take on recurring duties, such as scheduling, business development, social media, and marketing. This can help free up entrepreneurs, managers, and small business owners to focus on larger projects.

Minimal equipment is needed to start, typically just a device for answering emails and completing tasks, along with access to the internet and a phone.

3. Writer

Got a knock for writing compelling stories or catchy phrases? Writers can run a successful home-based business with very little investment. Capitalize on previous professional experience or a hobby to land work.

Working as a writer is flexible enough to fit almost anybody’s style. Here are a few examples.

  • Author
  • Bloggers
  • Copywriter
  • journalist

4. Online store owner

Entrepreneurs often wonder how to start an online business. With the rise of technology and the internet, it has never been easier to launch an online store. E-commerce platforms, such as Etsy, Shopify, Amazon, and others, offer templates for launching an online business in very short orders.

These are three simple ways to start an online store.

  • Buy products in bulk and resell them.
  • Introduce products found during travel or on other outings that are unique to
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Manhattan Residential Real Estate Shows Signs of Thawing

One of the country’s most expensive and frozen residential real estate markets is showing signs of a warmer-than-usual spring thaw.

Signed contracts for home purchases in Manhattan jumped 34.7{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} in March from February, compared with the 9{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} increase typical this time of year, according to data on Tuesday from real estate brokerage firm Douglas Elliman. At the same time, new listings rose 49.3{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} versus the typical 10{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} increase that kicks off the spring buying season. Both are still well below data from March 2021 during the frenzied real estate market of that year, with signed contracts down 35{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018}, and new listings down 19.4{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} year-over-year.

The ultra-expensive Manhattan market has been in the grip of a deadlock similar to the one that’s kept the national housing market in the doldrums, said Jonathan Miller, CEO of Miller Samuel, which prepared the report for Elliman. As mortgage rates ratcheted up over the course of 2022 and early 2023, many homeowners have grown reluctant to sell, partly because they’re reluctant to give up the ultra-low mortgage rates they got during the pandemic, and partly because there’s nothing for them to buy if they move out.

For the relatively few homes on the market in Manhattan, sellers seem reluctant to lower their prices too much, Miller said, citing anecdotal reports.

“I call 2023 ‘the year of disappointment’ because sellers aren’t going to get their 2021 prices and buyers aren’t going to get a substantial discount, so both sides are disappointed in the market at the moment,” Miller said.

That’s starting to turn around. Mortgage rates fell for the last three weeks of March, according to data from Freddie Mac, as the Federal Reserve signaled that its campaign of anti-inflation interest rate hikes is nearing an end. That’s given some owners the confidence to put their homes on the market, shaking up the Catch-22 that’s held down inventory and sales.

“Barring some other unknown, unforeseen economic event, there’s probably going to be a normal seasonal uptick, if not a little bit more of an uptick in the spring,” Miller said. “The spring market, which is typically the Super Bowl of any annual housing market, is going to see an uptick in activity as usual. And that will lessen downward pressure on prices in some markets.” Miller said.

That would be a reversal of the latest quarterly trend. Average condo and co-op prices rose 0.5{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} to $1,950,333 in the first quarter of 2023, Elliman data showed, although they are down 4.5{b5e4caabb46945dac267f6fa1789e0b2b1831cce91f79b27f72a0de22e4bb018} year-over-year.

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expert tips for success |

Raspberries are a crop usually thought to require a lot of space, but they are a fruit that can be grown successfully in pots. All types of raspberries are suitable for pots, though it is best to choose shorter-growing canes or the modern compact varieties. I had a dwarf ‘Ruby Beauty’ raspberry in a pot that was really low-maintenance and provided me with fruit for several years – I gifted it to my sister and it is still cropping for her.

You don’t need lots of raspberry canes to feed your household and, for a small outlay for a handful of bare root raspberry canes in fall, you can get fruits for at least three years. The only potential drawback is that they do need a large pot in which to grow and will require regular watering while the canes are forming fruits.

If you want to know how to grow raspberries in pots, the answer is that it is a simple and practical way to get delicious homegrown fruits even without the luxury of needing lots of outdoor space to do it in.

Hands holding a fresh harvest of red raspberries

Growing raspberries in pots can provide a good harvest without a glut of fruit to deal with

(Image credit: Getty/David Burton)

Tips for growing raspberries in containers

Raspberry canes are normally seen growing in long rows in a kitchen garden or on an allotment or homestead. Not everyone is lucky enough to have that opportunity and may want to get delicious fruit in their small backyard or small vegetable garden.

That is where growing raspberries in a pot comes to its fore, it is a simple way to grow and allows anyone with little space or soil to enjoy the luxury of raspberries. Container gardening also offers the advantage that you can control the soil you put the plants in and place the pots in the sunniest corners of the yard to help them succeed.

The one downside to growing raspberries in containers is that the plants are not all suited for long-term growing in containers. It is recommended that raspberries in pots have a lifespan of around three or four years, after which they can be planted in the ground in your vegetable garden and will grow happily for many years. The new compact dwarf raspberry varieties do have a longer lifespan in pots than other types.

A selection of red raspberries growing on canes in a garden

All types of raspberries, including red, yellow, and black types, are suitable for pots

(Image credit: Getty/Leonid Fish)

How to grow raspberries in a pot

Raspberries come in summer-fruiting and fall-fruiting varieties. The summer types crop from mid-to-late summer and fall varieties from late summer to mid-fall. Both types are suitable for growing in pots.

There are types of raspberry canes now bred specifically to be dwarf varieties that are ideal for planting in pots in a small garden or patio.

The canes are often sold bare-root by specialist nurseries and are available from fall to early spring, which is the plant’s dormant season. The best time to

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St. Cloud sees increase in mobile or home businesses

st. CLOUD, Fla. — Gone are the days of classic brick-and-mortar stores. The St. The Cloud Chamber of Commerce is reporting that many new small businesses are mobile, self-started, and frequently operating out of owner’s own homes.

What You Need To Know

  • According to city leaders, about 35 to 40 percent of new businesses calling St. Cloud homes are working out of their own home
  • Nationwide, the Census reports that 2021 saw the highest number of new business applications on record
  • Meanwhile, others have sought out becoming a franchisee, like Jorge Figueroa who runs a mobile refurbishment company

After the pandemic, people like Jorge Figueroa sought franchising opportunities. Business operators have the chance to be in the business for themselves, but not by themselves.

Figueroa can refurbish just about anything. He can repair holes in your old couch, clean up your car seats, and even help give airplane interiors a face lift. But even though he works primarily with his hands, he loves using his people skills out on the job.

“Anything that has to do with dealing with people. For me, it’s great satisfaction,” said Jorge Figueroa, who operates a Fibrenew franchise out of Osceola County.

Before taking on this new endeavor, there were some faces he missed dearly. He spent decades in the military and later worked as a US contractor overseas. When the world shuts down because of the pandemic, it also shuts him out from seeing his family.

It was a wake-up call.

“This is something I can do that will keep me here, keep me home, and I’ll satisfy that promise that I made to my family,” he said.

A survey by the Franchise Business Review shows franchisees have more work satisfaction now than before the pandemic.

“I just go out every day. Looking for opportunities, looking for business. This is all I got,” said Figueroa.

Others have started their own business, with a Census report showing 2021 had the highest number of new business applications on record.

The St. The Cloud Chamber of Commerce says they’re seeing a big wave of self starters.

“According to my friends at city hall, we’re looking at 35 and 40 percent of the businesses in St Cloud are home based,” said Dirk Webb.

Figueroa’s business is mobile, and he travels to every job he gets. He says he’s not surprised by these numbers.

“The way things are happening in today’s society, people are wanting to explore different things. Work for yourself, versus working for someone else.”

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